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 We offer a variety of business loans to meet your cash flow needs. Whether you are looking for an operating line of credit, a term loan, or commercial mortgage we are here to help. At the First National Bank of Cokato we offer the following commercial loan programs:
Lines of Credit (*)
- Designed for borrowing needs of less than 1-year
- Finance seasonal cash flow needs or working capital for receivable collection
- Flexible arrangements for short-term needs
- Gap financing while arranging a different loan
- Pre-determined maximum amount which allows you to borrow as needed
- Pay interest only on the amount of credit you have outstanding
- Easy access to funds - you can make advances in person, by phone, or in writing
- Reserve Checking - a simpler line of credit linked to your business checking account
Term Loans (*)
- Designed for intermediate term borrowing needs of 1-10 years
- Repayment based on your company's cash flow - payments can be set for monthly, quarterly, or annually
- Used to finance permanent assets such as equipment, machinery, and furniture and fixtures
Commercial Mortgages (*)
- Expand or remodel existing facilities
- Purchase of new property or business
- Investment Property
- Construction financing - short-term financing to complete a project and you pay only interest during the construction phase
- Apply now by completing the online application
- Stop by during normal business hours
If you have any questions you can contact us via email at staff@fnbcokato.com or call us at (320) 286-2191. As always, we'd be glad to do business with you.
(*) Other terms and conditions apply. All accounts require approved credit. Contact us for further details.
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